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ShaMaran Petroleum (CVE:SNM) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

ShaMaran Petroleum logo with Energy background

Shares of ShaMaran Petroleum Corp. (CVE:SNM - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.20 and traded as low as C$0.19. ShaMaran Petroleum shares last traded at C$0.19, with a volume of 19,009 shares traded.

ShaMaran Petroleum Stock Performance

The stock's 50-day moving average price is C$0.20 and its 200 day moving average price is C$0.17. The company has a debt-to-equity ratio of 100.09, a current ratio of 4.89 and a quick ratio of 1.07. The firm has a market cap of C$370.20 million, a P/E ratio of 5.04 and a beta of 1.14.

About ShaMaran Petroleum

(Get Free Report)

ShaMaran Petroleum Corp., together with its subsidiaries, engages in the oil and gas exploration and production. It holds interest in the Atrush Block production sharing contract; and in the Sarsang Production Sharing Contract in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Vancouver, Canada.

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